GREY:WFREF - Post by User
Post by
Reddaleon Dec 04, 2014 7:25pm
321 Views
Post# 23197483
Cost per barrel
Cost per barrelSumcan2,
your math worked out similar to mine.
LRE is still making money even at the recent new low prices.
Plus they hedged their bets and sold a good chunk of 2015 production at the higher prices.
So LRE remains a decent investment and a greater financial cushion can be obtained by selling non essential properties and scaling back the dividend (if required)